Affordable housing isn't something the government will solve.. it's only something that can come from competition and innovation.@BOXABL offers stunning dwellings 🏡 that can be set up in just a few hours once on location.Starting at just $60k - https://t.co/XFb3XyiJfX https://t.co/cNQjE258gv ...

Joining us right now for a conversation about real estate, local New York City, mayoral politics, and so much more, RXR chairman and CEO Scott Reckler. Good morning to you. I think we're all trying to figure out what's going on with the real estate market in New York City.But I think the overhang or overlay to all of this is what's just happened um in this mayoral election and I think a lot of people surprised about it and I know a lot of people in your business seem to be anxious about it. So what's your t ...

Zoron Mandani, the young self-described Democratic socialist who won the Democratic primary primary for New York City's mayor this week, knew his audience. Take a look at his man main campaign poster and the slogan, which reads, "For a New York you can afford. " Now, we got a couple of signs here, by the way, that say, "Build affordable housing and child care for all. " And the banner behind Mumani on victory night reads, "Afford to live and afford to dream." Now, the colors and the aesthetic of these poste ...

Zan Mandani is now declaring victory in New York City's Democratic mayoral primary. It's a a bit of a shocker at least uh for some maybe not in the past 24 hours, but compared to where people were thinking about this just maybe 72 hours ago, uh it definitely is. Joining us right now, Edward Skyler.He's the former deputy mayor in the Bloomberg administration. He's the head of enterprise services and public affairs at city. It's great to see you this morning.Thank you for having me. What do you think. Um I'm ...

China Macro Tracker Economics Working on domestic matters Industry: Some automakers pledged payments within 60 days to suppliers With US-China trade tensions seeing some stabilisation, we're seeing increased focus on attending to domestic matters. On the issue of cut-throat price competition, pressures remain fierce, most notably in the auto sector (and reflected in falling prices but higher volumes) (see China activity, 16 June). This in turn weighs on profits, leads to higher inventories and affects liqui ...

PITTSBURGH, June 18, 2025 /PRNewswire/ -- PNC Bank, N.A., a tax credit syndication leader, today announced the closing of Low-Income Housing Tax Credit (LIHTC) Fund 98, which is investing more than $208 million in the development and rehabilitation of affordable rental housing across the U.S. The fund includes investments from PNC and seven other financial services and insurance companies, including two investors that are new to PNC's LIHTC funds.  The investment will provide a positive impact nationwide by ...

Summary of the Conference Call Company Overview - The company discussed is UMH Properties, which owns 141 manufactured home communities in the Eastern United States, with over 26,500 developed home sites [2][3]. Core Business Model - UMH provides factory-built homes for sale or rent, emphasizing affordability and community living [3][4]. - The cost of a 1,000 square foot three-bedroom, two-bath house is approximately $70,000, with lot costs varying from $30,000 to $100,000 [4]. - The rental price for homes is set at around $1,000 per month, targeting individuals earning between $40,000 to $80,000 annually [4][10]. Market Demand and Growth - There is a significant shortage of affordable housing in the U.S., estimated at over 4 million units [8]. - Since 2011, UMH has rented out 10,400 homes and plans to add 800 rental units annually [6][12]. - The company has seen a 10.8% average same-property NOI growth over the past five years [17]. Financial Performance - Sales are projected to approach $40 million, with current sales at over $30 million [13]. - The company has maintained strong rent collection rates, around 98.5% to 99% [19]. - Revenue for the company is projected at $200 million, with expectations of a 5% rent increase contributing an additional $10 million [25]. Challenges and Solutions - The company faced challenges with retail financing and supply chain disruptions, particularly during the COVID-19 pandemic [12][24]. - UMH has adapted by focusing on rental homes, which has allowed them to fill communities that others could not [12]. - The company has a strong balance sheet with $35 million in cash and has recently refinanced communities to improve its financial position [43][44]. Future Outlook - UMH is optimistic about future growth, with plans to continue adding rental units and expanding its portfolio [28][32]. - The company anticipates that demographic trends will favor their business model, particularly among retirees and young families [30]. - The management believes that the rental program will continue to be successful, with homes appreciating in value over time [24][60]. Capital Needs and Financing - The company requires approximately $100 million to $150 million annually to support its growth strategy, including acquisitions and capital expenditures [42]. - Recent refinancing efforts have proven the effectiveness of their business plan, with significant increases in property appraisals [44][46]. Conclusion - UMH Properties is positioned for continued growth in the manufactured home community sector, leveraging its business model to address the ongoing demand for affordable housing while maintaining strong financial performance and operational efficiency [56][58].

Champion Homes (SKY) Q4 2025 Earnings Call May 27, 2025 08:30 AM ET Speaker0 Good morning. Welcome to the Champion Homes Fourth Quarter Fiscal twenty twenty five Earnings Call. My name is Sherry and I will be coordinating your call today. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. I will now turn the call over to your host, Jason Blair, to begin. Jason, please go ahead. Speaker1 Good morning. Thank you for taking the time to join us f ...

Greystone Housing Impact Investors LP (GHI) Q1 2025 Earnings Call May 07, 2025 04:30 PM ET Speaker0 and welcome to First Quarter twenty twenty five Earnings Call for Greystone Housing Impact Investors. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Jesse Corey. Thank you. You may begin. Speaker1 Thank you. We'd like to welc ...

UMH Properties (UMH) Q1 2025 Earnings Call May 02, 2025 10:00 AM ET Company Participants Craig Koster - Executive VP, General Counsel & SecretarySamuel Landy - President & CEOAnna Chew - EVP, CFO, Treasurer & DirectorEugene Landy - Founder & Chairman of the BoardGaurav Mehta - Managing DirectorBrett Taft - Executive VP & COORob Stevenson - Managing Director - Head of Real Estate ResearchCraig Kucera - MD - Equity ResearchMerrill Ross - REIT research Conference Call Participants John Massocca - Senior Resear ...